A homeowner applies for your program through a sponsoring community organization or participating lender.
Homeowners can qualify based on the guidelines set by the sponsor, such as place-based and income requirements, targeting specific impact goals.
Homium works with the primary mortgage lender to fund a portion of the homes value, usually between 10% - 35% with a second position loan.
The share of home equity the homeowner shares with the community trust is equal to the percent loaned at purchase, in this case 25%. This never increases.
Homium services the loans on behalf of the community trust at a very low cost, and supports on going program services for homeowners through the life of their loans.
Repaid loan proceeds flow back into the trust and out to new loans or can be redeemed by sponsors. Homium also enables programs to manage loan forgiveness at their discretion.
Each trust will collect gifts, grants, and program-related investment from sponsors and invest them into pooled shared appreciation loans tied to a program designed for that community.
The trust captures a share of the growth in value of each loan, sustaining the program so that more homeowners can benefit in the future.
Homium provides financial resources and technology needed to service a homeownership trust of this kind.
Sponsors commit funds to a non-profit entity, which purchases Homium tokens tied to a pool of loans originated from a custom homeownership program
Homium is the lender of record and securitizes the note into a low-cost indexed fund, which can be pooled with similar programs or stand alone as an independent investment
The fund receives real-time access to the health and impact of the portfolio and can seamlessly deploy and recycle program funds to sustain a permanent community homeownership endowment
Homium simplifies the process of deploying homeownership programs. By becoming a silent equity partner through shared appreciation loans, your organization can leverage purpose-driven capital to bridge the affordability gap for first-time buyers.
Homium has a one-of-a-kind, best-in-class lending and securitization platform for pooled shared appreciation loans, which have their best use case in enabling non-profit funds supporting homeownership and home equity financing.
Homium is a specialized shared appreciation lender integrated with Guild Mortgage, ready to offer this product through high volume loan channels, fully capable of administering or plugging into down payment assistance programs.
Homium has a low cost, high integrity securitization platform specifically designed to service, price, and manage shared appreciation loans for revolving capital. We can offer the absolute lowest cost for sustaining shared appreciation loan programs.